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Abel
Abel is from the village Vartsikhe, West Georgia. He is 39 years old, unmarried and lives with his mother (retired). The family owns a milk cow. They sell milk to local dairy product retailers. Along with the dairy, Abel has a 1.75 hectare vineyard. He sells grapes, as well as homemade wine. Abel also owns a small grocery store in the village. He purchases grocery products in nearby towns’ wholesale markets and sells them in his store. Total average monthly income of the family, including Abel’s mother monthly pension, is 230 GEL.

Abel requested credit to increase stock in the store. Once he offers a wide assortment of products, the amount of the clients will increase, followed by increase in sales and income. Abel and his mother will be able to spend more on satisfying their daily needs. It will improve their living conditions.

Additional Information

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $6,100
    Average annual income
  • 73
    View loans »
    Georgia Loans Fundraising
  • $7,714,400
    Funds lent in using Kiva
  • 1.7
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Abel to increase stock in the store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 9, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013